U.S.

Shopping-Center Classification and Characteristics

% Share Typical Typical
of GLA Number
Type of Shopping Center Aggregate GLA Industry Average Size Range (Sq. % Anchor of Trade Area
Center Concept Count (Sq. Ft.) GLA (Sq. Ft.) Ft.) Acres # of Anchors GLA Tenants Typical Type of Anchors Size
General-Purpose Centers 112,520
Full-line or junior department
Similar in concept to regional malls, but offering more store, mass merchant, discount
Super-Regional Mall 620 778,336,548 10.2% 1,255,382 800,000+ 60-120 3+ 50-70% NA 5-25 miles
variety and assortment. department store and/or fashion
apparel store.
General merchandise or fashion-oriented offerings. Full-line or junior department
Typically, enclosed with inward-facing stores connected by 400,000- 40-80 store, mass merchant, discount
Regional Mall 600 353,795,548 4.7% 589,659 40-100 2+ 50-70% 5-15 miles
a common walkway. Parking surrounds the outside 800,000 stores department store and/or fashion
perimeter. apparel store.
General merchandise or convenience- oriented offerings. Discount store, supermarket, drug,
Community Center
Wider range of apparel and other soft goods offerings than large-specialty discount (toys,
("Large 125,000- 15-40
neighborhood centers. The center is usually configured in a 9,776 1,930,849,736 25.4% 197,509 10-40 2+ 40-60% books, electronics, home 3-6 miles
Neighborhood 400,000 stores
straight line as a strip, or may be laid out in an L or U improvement/furnishings or
Center")
shape, depending on the site and design. sporting goods, etc.)
Neighborhood 30,000- 5-20
Convenience oriented. 32,588 2,340,711,371 30.8% 71,827 3-5 1+ 30-50% Supermarket 3 miles
Center 125,000 stores
Attached row of stores or service outlets managed as a
coherent retail entity, with on-site parking usually located
in front of the stores. Open canopies may connect the
store fronts, but a strip center does not have enclosed Anchor-less or a
small Convenience store, such as a mini-
Strip/Convenience walkways linking the stores. A strip center may be 68,936 911,202,922 12.0% 13,218 < 30,000 <3 NA NA <1 mile
convenience- mart.
configured in a straight line, or have an "L" or "U" shape. A store anchor.
convenience center is among the smallest of the centers,
whose tenants provide a narrow mix of goods and personal
services to a very limited trade area.
Specialized-Purpose Centers 3,275
Category killers, such as home
Category-dominant anchors, including discount
250,000- improvement, discount
Power Center department stores, off-price stores, wholesale clubs, with 2,258 990,416,667 13.0% 438,626 25-80 3+ 70-90% NA 5-10 miles
600,000 department, warehouse club and
only a few small tenants.
off-price stores
Upscale national-chain specialty stores with dining and 150,000-
Lifestyle 491 164,903,247 2.2% 335,852 10-40 0-2 0-50% NA Large format upscale specialty 8-12 miles
entertainment in an outdoor setting. 500,000
Manufacturers' and retailers' outlet stores selling brand- 50,000- Manufacturers' and retailers'
Factory Outlet 367 87,368,113 1.2% 238,060 10-50 NA NA NA 25-75 miles
name goods at a discount. 400,000 outlets
Leisure, tourist, retail and service-oriented offerings with
entertaiment as a unifying theme. Often located in urban 80,000-
Theme/Festival 159 23,498,769 0.3% 147,791 5-20 Unspecified NA NA Restaurants, entertainment 25-75 miles
areas, they may be adapted from older--sometimes 250,000
historic--buildings and can be part of a mixed-use project.
Limited-Purpose Property 62
Consolidation of retail stores located within a commercial 75,000- No anchors; retail includes
Airport Retail 62 15,452,860 0.2% 249,240 NA NA NA NA NA
airport 300,000 specialty retail and restaurants
Total Industry 115,857
Total Industry Traditional + Specialty + Special Purpose 115,857 7,596,535,781 100.0% 65,568
Sources: ICSC Research and CoStar Realty Information, Inc . (www.costar.com) January 2017